News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
AUDUSD 10300/50 is Resistance

AUDUSD 10300/50 is Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_aud-usd_body_audusd.png, AUDUSD 10300/50 is Resistance

Prepared by Jamie Saettele, CMT

The AUDUSD is at the bottom of its range. Price action is nearly identical to March when the market started off weak from near 10800. If the March script is a guide (and I think it is), then expect a bounce into resistance at 10300/50. I’d fade strength into there with a stop above 10475. Levels that were discussed in recent months remain in play on a break. That is, the 2012 low at 10145, late December low at 10045 and December low at 9861. The 100% retracement of the decline from 10856 reinforces the latter level at 9861 and intersects channel support in early June.

Ideas: short on strength into 10300/50, stop 10475

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.